Thursday, November 13, 2014

Former Bank of America CEO Hugh McColl Jr. will be inducted into Queens University of Charlotte's Carolinas Entrepreneur Hall of Fame during an event next week.

McColl helped build Charlotte-based Bank of America into a coast-to-coast banking giant. The Hall of Fame, though, honors people based on entrepreneurship. To that end, McColl's induction is based on the investment bank he launched and the private equity firm he co-founded -- both after leaving Bank of America.

O. Temple Sloan Jr., founder of General Parts International, and Craig Wall Sr. and Craig Wall Jr., both of Canal Industries, will also be inducted during the Nov. 20 event at Quail Hollow Club. The Walls are being honored posthumously.

Queen's business school, which bears McColl's name, founded the Hall of Fame in 2010.

McColl retired as Bank of America's chief executive in 2001. He later launched an investment bank called McColl Partners and co-founded the private equity firm Falfurrias Capital Partners.